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On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $63,000. Alan made the appropriate year-end accrual. What is

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On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $63,000. Alan made the appropriate year-end accrual. What is the journal entry as of March 1 to record the payment of the note assuming no reversing entry was made? (Use 360 days a year.) Select one: O A. Debit Notes Payable 563,000; debit Interest Payable $1050; debit Interest Expense $1050; credit Cash $65,100. OB. Debit Notes Payable $65,100; credit Interest Payable $1050; credit Interest Expense $1050; credit Cash $63,000 OC. Debit Notes Payable $63,000; debit Interest Payable S1050; credit Cash $64,050. OD. Debit Notes Payable $63,000; debit Interest Expense $2100; credit Cash $65,100. O E. Debit Cash 564,050; credit Notes Payable $64,050

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